A filling station in Kolkata, India
India revamps retail fuel business
The country is seeing a notable increase in petroleum product retail outlets, with private operators gaining market share
India’s retail fuel network is undergoing a major shift. And with its number of gasoline pumps now totalling more than 96,500, the country has the third-largest number of retail fuel outlets after the US and China. Retail fuel distribution in India is dominated by state-owned companies, including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited. These three account for about 90% of the retail fuel outlets in the country. Mangalore Refinery & Petrochemicals Limited, a subsidiary of the country’s largest E&P company, ONGC, is the fourth state-owned company in the retail space, with 164 outlets. Private companies op
Also in this section
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
26 June 2025
ExxonMobil and Eni offer hope for projects as sector looks to get to grips with cost overruns and delays
26 June 2025
While oil prices will determine the trajectory of the key US shale patch, regulation and technological shifts are also likely to shape direction longer term
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
